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Monday, August 12, 2013

Trade review 8-12-13

I got a few plays right on Monday...

Hits:

LYV

A winning short when a gap down fell from
near the hod from the noise candle and after, yielding an entry. It then
continued to dive, closing red by over 2% today.

PGTI

A gap down fell on the noise candle, reversed, but did not close at once over the trigger. It did though about 25 minutes in for entry long. This reversed, and it fell to and hugged the flat line most of the rermainder, holding the initial low and closing up over 1% for a small win.

Misses:

GTIV

A modest fake out long possible when a gap down advanced early greening, then surpassed that initial high late morning, though it did not make more new highs. It closed weakly, down less than 0.50% today.

NBG

Long fake out likely when a gap down rose from the noise candle to trigger entry. It peaked in a bit over an hour, then it moved sideways until falling into the finish, red by over 1.5% today.

GBR

A sad fake out likely when a gap down fell early to fail at 1.50 for entry short. It zoomed and greened around lunch, taking out the previous sesssion high to stop out, then it reversed, closing red by over 16%.

Push:

DWOG

A gap up from near the lod steadily advanced, denying shorts a play. It continued until closing up over 46.5% today. No play.

JAKK

A gap down never triggered long, falling from the noise candle, soon moving sideways, closing down over 4.5% today.